New Silk Road

Italy Looks to China

Italy caused a political firestorm in mid-March when it announced that it would be joining China’s Belt and Road Initiative by signing a memorandum of understanding during Chinese President Xi Jinping’s visit to Rome from March 21 to 23.

As the first G-7 country to accept a formal agreement to participate in the initiative, also known as the New Silk Road, Italy found itself under instant pressure from both the United States and its allies in Europe, all of which worried that it represented an expansion of China’s economic foothold in the West.

The populist government led by the Five-Star Movement and the League was caught off guard by the rapid backlash, which began with a pointed tweet from the U.S. National Security Council on March 9.

Read the article on Consortium News

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